Brazil is the market that supplies the most corn to Vietnam

Maize (Corn)
Market & Price Trends
Published Apr 17, 2024

Tridge summary

During the first quarter of 2024, Vietnam's corn imports slightly increased by 1% in volume to over 2.78 million tons, despite a 4.8% decrease in financial turnover and a significant 25.1% drop in price compared to the same timeframe in 2023. Brazil remained the top corn supplier to Vietnam, contributing over half of the total imports, although it experienced a reduction in turnover and price. Other notable suppliers included Argentina, which saw an increase in both volume and turnover, and Laos. The data underscores the critical role of corn in Vietnam's livestock and poultry sectors and highlights the country's status as a significant corn producer and importer.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Source: According to statistics from the General Department of Customs, imports of corn of all kinds in the first 3 months of 2024 reached over 2.78 million tons, worth nearly 702.74 million USD, average price 252.7 USD/ton, an increase of 27,000 USD/ton. 1% in volume, but down 4.8% in turnover and 25.1% in price compared to the first 3 months of 2023. Of which, in March 2024 alone, it reached 871,741 tons, equivalent to 215.88 million USD, average price 247.7 USD/ton, down 6.5% in volume and down 9.1% in turnover compared to February/ton. 2024, prices will also decrease by 2.8%; Compared to March 2023, it increased by 13.6% in volume, but decreased by 17.2% in turnover and decreased by 27.1% in price. Brazil is the largest market supplying corn to Vietnam in the first 3 months of 2024, accounting for 53.4% of the total volume and 54.3% of the country's total corn import turnover, reaching 1.49 million tons. , equivalent to nearly 381.27 million USD, priced at 256.6 ...
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